The OMXS index started the trading week lower and closed down 1.0 percent. This is in line with a global downward trend, which is linked to higher energy prices - as a result of the Middle East conflict - and to major AI players saying they see a need to slow technological development.
Down on Wall Street
Several leading European stock exchanges also ended lower, apart from the London Stock Exchange. Trading on Wall Street also began in the red.
The krona's decline can be explained by the fact that more and more people see it as a possible scenario that the policy rate will be raised in the US on Wednesday.
Engineering stocks were the heaviest among the heavyweights. Atlas Copco, which has exposure to the AI sector, fell 4.7 percent.
Against the current, pharmaceutical giant Astra Zeneca, which rose 3.5 percent, and telecom company Telia, which rose 2.8 percent, went up.
Risk appetite is drained
Global risk appetite is being drained by widespread concerns about higher inflation and interest rate hikes, spreading from the effects of the Iran war on oil and gas prices.
The price of North Sea oil has risen and is currently at just over $107 per barrel at 5:30 p.m. after new talks about shipping traffic in the Strait of Hormuz were canceled and Saudi Arabia shut down a major oil pipeline through the country - a pipeline that has been important to the country's ability to export oil during the Iran war.
European gas prices are hovering around record levels of 84 euros per megawatt hour.
